Quick take:
The round also attracted participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction.
Fortune reported that the round was structured as simple equity with no promise for token warrants.
Co-founded by Rodri Fernández Touza and Alfonso Gómez-Jordana Mañas both engineers by training, Crossmint is “built to appeal to software engineers.”
Crypto API infrastructure platform Crossmint has revealed a $23.6 million funding raised across three rounds. According to the announcement on Tuesday, the funding includes a seed round, a strategic round and a Series A round led by Ribbit Capital.
The fundraising also attracted participation from Franklin Templeton, Nyca, First Round, and Lightspeed Faction, Fortune reported. The round was structured as simple equity with no promise for crypto ownership, deviating from the more common structure than offer warrants for the allocation of yet-to-be-launched tokens.
Co-founded in 2022 by Rodri Fernández Touza and Alfonso Gómez-Jordana Mañas both engineers by training, Crossmint is “built to appeal to software engineers.”
The company offers a toolkit that allows programmers to easily integrate crypto technology into their applications, with a focus on traditional tech firms, fintechs, and banks.
While its API infrastructure platform has been compared to what another popular crypto API company Alchemy offers, Touza believes his company’s product is a little different in its focus.
“We serve a lot of very large institutions, whereas they focus a bit more on startups,” he said, about Alchemy, highlighting Adidas, Red Bull, and Coinbase among examples of companies using Crossmint technology.
Apart from its stablecoin APIs which have emerged as some of its top draws for customers, Crossmint is also attracting those looking to leverage AI bots for sending and receiving cryptocurrencies, said Touza.
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